Keynes Held That Saving Is More Responsive to Changes in Income

question 49

True/False

Keynes held that saving is more responsive to changes in income than to changes in the interest rate.

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Definitions:

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies, from the end of World War II until the dissolution of the Soviet Union in 1991, characterized by threats, propaganda, and other measures short of open warfare.

Cause-related

Pertains to marketing or initiatives that link a company or brand with a social cause or issue for mutual benefit.

Advocacy

The act of publicly supporting or recommending a particular cause or policy.

Flexible

The ability to adapt to changes and adjust to varying conditions or situations easily.